Sears is Close to Bankruptcy

business bankruptcies, business bankruptcy laws, jacksonville bankruptcy attorney, abogado de bancarrota jacksonville
Sears may be filing for bankruptcy as early as next week.

Sears is Close to Bankruptcy

With a debt payment of $134 million due next week, it seems bankruptcy is unavoidable for Sears. The retailer has been trying to restructure its debt by negotiating with creditors, but has been unable to reach an agreement.

If Sears proceeds with filing for bankruptcy, it would do so under Chapter 11 of the bankruptcy code, which is similar to Chapter 13 for consumers.

Sears still has 506 locations, plus 360 Kmart stores. However, declines in sales has been plaguing the company for years. Since 2011, there has been a drop in sales of more than 60% and $11 billion in loses.

Alexander Hernandez, Esq.
Twitter @mcatty_alex

 

bankruptcy law center, bankruptcy lawyers near me, cheap bankruptcy lawyers, abogado de bancarrota near meMattress Firm Retailer Files for Bankruptcy

Mattress retailer filing for Chapter 11 bankruptcy, closing hundreds of stores before the holidays.

 

nearest claire's, bankruptcy attorney near me, abogado de bancarrota near me, cheap chapter 7 lawyerClaire’s Department Store Filing for Bankruptcy

Claire’s, the popular pre-teen department store which claims to have the most ear piercings in the world, more than three million annually, is another victim of online retail sales and is facing bankruptcy.

 

how to get a student loan, bankruptcy attorneyPresident Trump, Bankruptcy, and Student Loans

The Department of Education came out publicly and stated they wish to consider options for students loans and bankruptcy.

 

 

 

Leave a Reply

%d bloggers like this: